Foreign assets in Hong Kong Exchange Fund HK$3.4 trln at end-Nov
Dec 14 (Reuters) - Foreign assets in Hong Kong's Exchange Fund stood at HK$3,424.5 billion ($438.36 billion) at the end of November, up HK$25.4 billion from the previous month, the Hong Kong Monetary Authority said on Thursday.
The Exchange Fund backs the local currency, which has been pegged to the U.S. dollar since 1983. ($1 = 7.8120 Hong Kong dollars) (Reporting by Twinnie Siu; Editing by Sherry Jacob-Phillips)